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5 Ways to Increase Resident Participation in Society Meetings
A community can only thrive when its members come together on a common platform. This collaboration is even more critical in a gated community where people must work to decide on different issues. Housing society meetings provide the framework for members to meet and discuss key issues, devise policies, gather consensus, and discuss and plan […]
A guide to making your gated community fur-friendly
Housing Societies, especially in India, are rarely pet friendly. Some residents and association members who are wary of pets and annoyed at their shenanigans often get into arguments with residents who own pets. However, these arguments and disagreements can easily be avoided if the management and the residents simply follow a handful of pet rules […]
A Treasurer’s Guide to TDS on Apartment Associations
What is TDS? TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. Is TDS applicable for Co-operative Housing Societies and Apartment Associations? Yes. Under the Income Tax Act, a Cooperative […]
Impact of GST on Co-operative Housing Society and Real Estate
Basic Introduction of GST and its Perspective as a Contractor and a Developer GST (Goods and Services Tax) is one indirect tax for the whole nation, which is meant to be a unified indirect tax across the country on construction services and will make India one unified common market. The present structure of Indirect Taxes […]
Swachh Bharat Cess – Service Tax Changes for Housing Societies and Apartment Owners Associations
As per the recent service tax notifications (Notification No. 21/2015-Service Tax and Notification No. 22/2015-Service Tax), all organizations that offer services covered under the ambit of Service Tax, should charge an “Swachh Bharat Cess” at 0.5% of the service value from November 15th 2015. Housing Societies need to collect and pay service tax at the […]
Habit #4: Effective management committees are highly disciplined
In this blog post, we are going to emphasize on the fourth habit of effective management committees of conducting committee meetings in a disciplined manner. Conducting and attending meetings in a disciplined manner is something an effective management committee cannot avoid. In our earlier blog post, we talked about Habit 3: How effective management committees […]
The Need for Using Energy Efficient Doors in a Housing Society
Housing society residents from across the country are moving from ornamental and beautiful doors to energy efficient doors that provide the required insulation, helping them save money.Depending on the housing society, such energy efficient doors are installed in all flats. If your housing society does not feature such doors, you can have them individually installed. […]